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U.K.'s Kingston to Seek Partners
To Build, Manage DSL Network

LONDON -- Kingston Communications PLC said it is scaling back plans to build its own national digital-subscriber line network, forming two new companies to shoulder construction and operating costs.

Observers said the revised plan, combined with a new 250-million-pound ($354 million) bank facility, removed one of the biggest risks weighing on the company's share price -- the possibility that Kingston would seek new equity in a hostile...